tencent

At Tencent's internal all-staff meeting celebrating its 28th anniversary, Ma Huateng proposed to accelerate organizational change. He believes that Tencent's transformation is somewhat late and cannot leisurely feel secure anymore. Ma Huateng compared it to the army and navy, stating that traditional core businesses like gaming and social networking must be safeguarded, but efficiency should be improved using AI. For example, tasks that originally required everyone can now be completed by half the staff, freeing up the other half to explore AI-native businesses and seek new growth points.Ma Huateng's previous statements regarding AI have been traceable. In January of this year, he emphasized that Tencent's AI layout should be steady and solid; in May, he used a ship analogy, stating that they initially thought they had secured a ticket for the AI ship, only to later find it was leaking and had to switch to another one. He specifically mentioned Google, believing that initially, everyone was worried about AI impacting search, but later felt that Google seemed to withstand it. Looking at this year, he noted that "the wave has really come," and traditional businesses like content cannot feel secure either. Google's search advertising revenue still grew by 12% in the third quarter of this year, but the growth rate has continuously declined from 19% in the first quarter to 17% in the second quarter, with management admitting that the commercial monetization capability of AI Mode is weak. On the day of its 28th anniversary, Tencent launched "Yuanbao Search," redoing the search process with a large model and integrating content from public accounts and video accounts.Ma Huateng also told the internal management that organizational transformation can no longer be about coddling employees, repeatedly persuading them, and negotiating terms. Some people even want to negotiate management positions before participating in new businesses. He demanded a flatter organization, with employees needing to quickly switch skills and adapt to new positions, stating that this reform is different from the "cost reduction and efficiency increase" from a few years ago, which mainly focused on cutting costs. Now, it is about changing the way the organization and personnel work, running faster with the existing manpower, and enabling small teams to accomplish big tasks. Related speeches subsequently sparked discussions in employee communities, with rumors of "Tencent laying off 50%" and "laying off 8,000 people" appearing on platforms like Maimai and Xiaohongshu. Tencent's PR director Zhang Jun clarified that the so-called 50% was merely a metaphor used by Ma Huateng for organizational transformation and not the layoff ratio, nor has it been announced that half of the employees would be laid off.

According to the "Science and Technology Innovation Board Daily," sources close to Tencent have revealed that WeChat's "Look" feature is currently undergoing a small-scale gray testing for a short drama entry. Some users can access this entry to view recently watched short dramas. This entry aims to help users more conveniently find high-quality short drama content and enhance the exposure of creators.In addition, Tencent launched the "Green Bubble Short Drama" free mini-program within the WeChat ecosystem in October this year. The previously existing "Short Drama" mini-program in the WeChat ecosystem has also been renamed to "Green Bubble Short Drama" and has entered the gray testing phase.

On November 12, regarding rumors that Tencent is laying off 50% of its staff, sources close to Tencent stated that this is a serious misinterpretation and is completely untrue. The sources indicated that this is a realignment of company resources to adapt to the AI era, and it may also be the source of the so-called "50% layoffs" rumor, which is entirely unfounded.During Tencent's 28th anniversary Linktime online live broadcast, Tencent's management proactively expressed their determination to accelerate organizational change, specifically mentioning that this is different from the "cost reduction and efficiency enhancement" initiative from a few years ago. The previous initiative was relatively passive and more focused on "cost reduction"; this time, it is a proactive approach aimed at the AI era, more focused on "efficiency enhancement," inspiring teams to create new value, and encouraging frontline colleagues to actively step forward, while the middle management needs to become flatter and more agile.To respond to the new changes, there is a need for proactive thinking about new strategies and new battlefields. Among them, 50% of the people are like the army, responsible for defending their territory, improving efficiency to manage the existing core business well; the other 50% are like the navy, embracing the waves, exploring AI Native, and expanding new development spaces. The sources stated that the above arrangements correspond to the realignment of company resources to adapt to the AI era.

According to the information on the Liepin page, Tencent is hiring a financial product manager for cross-border payment. The job responsibilities include conducting overseas market research based on distributed ledger technology, digital assets, and designing fee-free capabilities, key custody and recovery based on account abstraction, as well as designing the circulation and exchange logic of fiat currency.The position also requires transforming regulatory rules such as identity verification, anti-money laundering, and transaction information transmission into product processes. The job requirements include over 5 years of experience in wallets, exchanges, payment, or e-wallet products, and familiarity with mainstream public chains, smart contracts, and multi-chain asset management.

Tencent officially launched an independent search website "Yuanbao Search" (so.qq.com), competing with Baidu and Google. The website defaults to AI search, allowing users to receive complete answers and reference sources after inputting questions, and supports follow-up inquiries. It also retains traditional web search and provides search entry points for public accounts, video accounts, images, and academic content.Currently, there have been instances where inputting keywords in Sogou Search directly redirects to the Yuanbao Search results page, and the latest version of QQ Browser also supports setting Yuanbao Search as the search engine. Tencent is gradually integrating existing search entry points into Yuanbao.The last self-developed search by Tencent dates back to "Soso," launched in 2006, when it brought in technical executives like Wu Jun from Google. In 2013, Tencent merged Soso's search business into Sogou, investing $448 million to acquire a 36.5% stake in Sogou; in 2021, it completed a full acquisition of Sogou. Starting in 2024, Tencent will promote Yuanbao AI Search, integrating WeChat Search and Sogou Search, and will open search capabilities to enterprises and developers in 2025. In October of this year, the service was renamed "Yuanbao Search," supporting API, MCP, and Skill integration. Official data shows that Yuanbao Search has an index of over 100 billion, with an average daily call volume of hundreds of millions, supporting more than 50 internal businesses such as Tencent Video, ima, and WorkBuddy.

Since the end of October, the Hang Seng Tech Index has rebounded, and Tencent Holdings has rarely experienced five consecutive days of gains. A netizen asked well-known investor Duan Yongping whether he still holds Tencent shares, to which he responded that he still does. Duan Yongping also emphasized that it is important not to use leverage or borrow money to trade stocks, and that buying good companies is also crucial.On November 2, when asked which is more attractive between Tencent and Moutai, Duan Yongping stated that both have their appeal; Moutai's business is more stable, while Tencent has greater growth potential, but also more uncertainty. Duan Yongping had previously mentioned that Tencent is a very good company and should be cherished. He also revealed that his holdings in Tencent have not reached 1% of the company's total share capital.

On November 7, Tencent's Q&A community Sogou Wenwen and Wenwen Mall officially ceased operations. According to the official shutdown announcement released in October, both will stop services at 23:59 on November 7, 2026. At that time, the related pages will no longer be accessible, and the question bean redemption function will be closed simultaneously; after the shutdown, user accounts will be automatically canceled without manual operation.The official previously reminded users that the questions, answers, and personal content accumulated in Sogou Wenwen need to be screenshot or copied for backup in the personal center before the shutdown; after the shutdown, all content on the platform will be deleted or anonymized in accordance with the Personal Information Protection Law of the People's Republic of China and other relevant laws and regulations. Sogou Wenwen is a knowledge application product and Q&A interactive platform under Sogou, formerly known as the interactive Q&A community SOSO Wenwen under Tencent, covering dozens of categories such as computer digital products and games, with over 100 million users.

According to Jinshi Data, Hong Kong tech stocks weakened in the afternoon, with Alibaba (09988.HK) falling nearly 5%, Xiaomi Group (01810.HK) and Tencent Holdings (00700.HK) dropping over 3%, and Kuaishou (01024.HK) and JD.com (09618.HK) also following the decline.

According to Tencent Hunyuan news, Hunyuan Hy4 was launched on November 4th on WorkBuddy. To ensure user experience, the team has urgently expanded the Hy4 inference cluster tenfold and increased the free usage quota for users, and will continue to dynamically allocate resources.Due to the limitations of high-end computing power and peak concurrency concentration, it is still possible that quota situations may continue to occur during certain periods. It is recommended to switch to other models such as Hy3 or use them during off-peak evening hours. The current WorkBuddy free usage for Hy3 will be extended until November 15, 2026, at 23:59.

B.AI announced that Tencent's Hunyuan has officially launched a new language model, Hy4, designed for multi-step agent workflows and long-term productivity tasks, with API and Web Chat available simultaneously.Hy4 introduces visual understanding capabilities for the first time, supporting both text and image inputs, and features a 1M Token ultra-long context window, covering software development, document and chart analysis, and complex office agent tasks, demonstrating stable performance in long-chain reasoning and function calling scenarios.For developers who need to continuously handle multi-step tasks, cross-document analysis, and office automation, Hy4 offers a new option that balances context length and visual understanding; B.AI is also launching an official 50% discount, with the promotion running until December 31, 2026, 23:59:59 (SGT), further reducing the cost threshold for high-frequency calls and large-scale agent deployments.

According to a report by Reuters on November 4, citing the Financial Times, Oracle has canceled a multi-billion dollar chip leasing contract with Tencent. The report stated that U.S. officials had expressed concerns to Oracle about the deal, and Oracle abandoned the agreement under pressure from the Trump administration.It was reported that Tencent also hosted high-level officials from Guangdong Province, who requested the company to support domestic chips. Reuters stated that it was unable to immediately verify the above report, and Oracle, Tencent, and the White House did not respond to Reuters' request for comment.The Financial Times reported last month that Tencent signed its largest overseas leasing agreement with Oracle, valued at approximately $7 billion. The five-year agreement covered multiple data centers of Oracle in Southeast Asia and was originally expected to allow Tencent to obtain about 100,000 advanced AI chips that could not be acquired in China due to related restrictions between Washington and Beijing.

According to reporters from the Science and Technology Innovation Board Daily, Tencent Hunyuan has released the latest generation large language model, Hy4. Compared to Hy4 preview, Hy4 has expanded its data and training scale in pre-training and post-training, introduced visual understanding capabilities for the first time, and improved performance in instruction following, long text understanding, and long-range intelligence, while also supporting computer operations for the first time.Currently, Hy4 has been launched in Tencent Cloud Tokenhub, WorkBuddy, CodeBuddy, Yuanbao, WeChat Work Intelligent Assistant Dayuan, ima, and other products, with API integration into platforms such as OpenRouter, Hermes, and OpenCode. This information was reported by Li Jiayi from the Science and Technology Innovation Board Daily.

Tencent officially launched Buddy One, integrating WorkBuddy, Tencent Docs, Tencent Meeting, Tencent Cloud Drive, and ima into a unified AI office system. After linking accounts, users can directly let WorkBuddy search for information and consolidate data across applications without needing to repeatedly authorize or copy and paste. For example, it can generate new plans by combining meeting minutes from Tencent Meeting, old proposals from Tencent Docs, and the ima knowledge base, along with sources of information.The points system has been unified, and WorkBuddy points can be used interchangeably in Tencent Docs, ima, and Tencent Cloud Drive. Points purchased separately in each application will not be merged. The Buddy One VIP official website currently lists a price of 700 yuan/month, which includes 50,000 universal points per month, 1TB of shared space across products, as well as benefits such as the flagship version of WorkBuddy, the professional version of Tencent Meeting, and the super member Plus of Tencent Docs.At the same time, Tencent Cloud Drive is responsible for providing unified storage. Currently, it mainly implements account linking, cross-application retrieval, and point sharing, while cross-application memory sharing has not yet been launched. WorkBuddy PC version must be upgraded to 5.9.0 or above to use it; account linking is free, but unbinding is not currently supported.

On October 29, at the Tencent Global Digital Ecosystem Conference, Tencent Group Senior Executive Vice President Tang Daosheng stated that Tencent Cloud is accelerating the construction of global data centers, having deployed over 2 million servers.Tang Daosheng mentioned that in the past year, Tencent Cloud's overseas AI demand has achieved triple-digit growth, and the number of active international customers has doubled. Tencent Cloud previously collaborated with the Hunyuan team to increase the single-card throughput of domestic chips by 5 times two weeks before launch, and the model Hy4 will be launched soon.

The Tencent Global Digital Ecosystem Conference was held in Shenzhen. Tang Daosheng, Senior Executive Vice President of Tencent Group and CEO of the Cloud and Smart Industries Group, stated in his keynote speech that, according to data from relevant national departments, the daily Token call volume in China has increased from 100 billion at the beginning of 2024 to over 500 trillion in July of this year, a growth of over 5,000 times in two years.Tang Daosheng believes that behind this data is the rapid development of AI applications, with AI becoming a new productive force. Represented by Tencent's AI intelligent entity Workbuddy, related applications are not only used for daily document collaboration but are also being implemented in professional fields such as business analysis, business operations, market research, and marketing planning and execution. He stated that using AI intelligent entities to improve efficiency has become a necessary option for employees, and companies also need to make more accurate decisions and execute faster with AI to strengthen market competitiveness; otherwise, they will fall behind.

According to a report by Blue Whale News, at the Tencent Global Digital Ecosystem Conference, Tencent Group Senior Executive Vice President and CEO of the Cloud and Smart Industry Group, Tang Daosheng, mentioned in his speech that they will release the new model Hy4 and Hy4 flash.Compared to the released Hy4 preview, Hy4 enhances the capabilities for various long-range and real productivity tasks, improves the efficiency of the thinking chain, and introduces visual understanding for the first time. Hy4 flash is positioned as a practical model that offers cost-effectiveness.

According to "Du Jia," Tencent has launched the internal testing of "Tencent Cloud Drive," with some features still being iterated, and plans to release an App version. This product focuses on file storage, data management, and AI applications, with a core positioning as a unified memory base for multiple Agents, aiming to connect various AI applications and office tools, unify and carry context, allowing multiple Agents to collaborate based on the same information.Practical tests show that the internal test version retains basic entry points such as the homepage, files, recycle bin, and storage space, with a floating AI assistant panel on the right side. The core highlight of the product is its "connection" capability, supporting binding with Tencent Docs, WorkBuddy, and integrating third-party Agents like DeepSeek Harness and OpenClaw. After authorization, the Cloud Drive AI assistant can read application files, automatically sync updates, and directly call information as a knowledge base for retrieval, summarization, and content generation. The binding page will clearly inform users of the scope of permissions and the rules for AI credit consumption.The report points out that, unlike traditional Cloud Drive AI's document summarization, this system fully connects documents, Cloud Drive files, and Agent workspaces, shifting the Cloud Drive from a file repository to a data memory platform in the AI era.

According to an exclusive report from "Du Jia," Tencent Games' Public Technology Line has launched the Motus AI independent platform, focusing on the full chain of 3D character animation. It has integrated over 90 internal and external projects of Tencent and has been applied in multiple games such as "Peacekeeper Elite," "PUBG MOBILE," "Delta Force," "Honor of Kings," "Rock Kingdom," "League of Legends," and "Teamfight Tactics."Motus AI has built a large model matrix that spans the entire production chain of character animation, covering aspects such as skeleton generation, skinning generation, text/video-based motion generation, keyframe interpolation, motion refinement, and real-time intelligent driving. It supports seamless integration into existing production workflows in the form of plugins. The platform includes task management, custom skill packaging, industry terminology understanding, and node-based asset pipelines, positioning itself as an animation production assistant rather than merely a text-to-motion tool. It aims to delegate repetitive tasks such as basic skeleton building, motion pre-generation, and collision checking to AI, allowing animators to focus on refining the quality of performance.Previously, the Motus AI team made its debut at the Gamescom in Cologne, Germany, in August 2026, showcasing the technical practices of end-to-end intelligent pipelines in the field of digital character creation.

According to sources citing QuestMobile data, as of August, Tencent's short drama mini-program Green Bubble had 143 million monthly active users. In the first week of October, the weekly active users reached 89.68 million, a 44.1% increase compared to the first week of September. After officially renaming the product in July, the weekly active users approached 90 million within about three months.DataEye monitoring shows that from October 1 to 7, Green Bubble's short drama had a total of 43,000 material placements, with an average daily placement volume increasing by 57% compared to the week before the holiday. The growth mainly came from fully replacing the original short drama mini-program entrance and support from the WeChat ecosystem traffic, which includes Video Accounts. The daily active users of Video Accounts are 600 million, making it a key part of the WeChat ecosystem distribution.Green Bubble continues to expand its content offerings, including live-action dramas, AI dramas, and animated dramas. Currently, Hongguo short dramas are leading in the short drama sector with a free standalone app model, while Kuaishou, Pinduoduo, Taobao, and Baidu have also entered the short drama space.